+ 20 photos
505 Richmond Street W 631, Toronto, ON M5V 1Y3
Toronto C01 · Waterfront Communities C1
For Sale · Condo Apartment
1 hour ago
505 Richmond Street W 631, Toronto, ON M5V 1Y3
Toronto · Waterfront Communities C1
MLS® C14084244
$630,000
1
Beds
1
Baths
0
Parking
0-499
Sq ft
0-5 yrs
Built
Overview
About this home
- 1 bedroom, 1 bathroom suite in downtown Toronto's Fashion District
- Located in restored heritage building called Waterworks Residences
- Walking distance to St. Andrew's Playground, Waterworks Food Hall, Queen West, King West, The Well, restaurants, cafés, and shopping
- Building amenities include concierge, fitness centre, party room, visitor parking, and bicycle storage
- Includes separate owned storage locker
- Near public transit
Key points are generated by Renavu from the listing description — not from, provided by, or endorsed by TRREB or PropTx.
Property details
Property tax
$2,541 (2026)
Style
Apartment
Heating
Forced Air
Cooling
Central Air
MLS®
C14084244
Details
Full details
Parking
Parking typeNone
Parking featuresNone
Market · Renavu Intelligence
How this home fits the market
See comparables
Asking price
$630,000
↑ +13.0%
vs. the area benchmark
Asking price is 13% above the area benchmark
Where this price sits against the typical condo apt home in Waterfront Communities C1.
Benchmark $557,000
$529,000Typical low
$585,000Typical high
$529,000 – $585,000Typical low – high
List price$630,000
Benchmark$557,000
Typical range$529,000 – $585,000
Asking price is 13% above the area benchmark
Where this price sits against the typical condo apt home in Waterfront Communities C1.
The Renavu Estimate and the figures in this section are produced by Renavu using our own analysis — not statistics from, provided by, or endorsed by TRREB or PropTx. Underlying property data is provided through TRREB/PropTx and is deemed reliable but not guaranteed accurate. Renavu Estimate is our data-driven opinion of value and a market reference — not this home's exact value.
Comparables
Gathering recent comparable sales nearby…
Run the numbers
True cost to close
What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 20.0%
$
Down:or type any amount above
This price requires at least 6.0% down (5% on the first $500K, 10% above).
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$9,075
Toronto municipal LTT$9,075
Legal · title · inspection$2,800
Closing costs$20,950
Down payment$126,000
Total cash to close$146,950
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.
Location
Listed by HOMELIFE LANDMARK REALTY INC. · MLS® C14084244
History
Property & sold history
Listing history
| Date Start | Date End | Price | Status | Listing ID |
|---|---|---|---|---|
| 2026-10-15 | — | $630,000 | For Sale | C14084244 |
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